Wale Edun, Finance Minister The Saudi Arabia’s SALIC International Investment Company’s acquisition of a 35.43% stake in Olam Agri Holdings for a substantial $1.24 billion, marking a significant boost to Nigeria’s agricultural and livestock sector Minister of Finance Wale Edun made this announcement following a meeting with President Bola Tinubu in Lagos, emphasizing the administration’s commitment to fostering a stable …

First Bank Corporate Headquarters In a bid to reposition and reorganize for a long term growth, First Bank, the Nigeria’s oldest financial institution and a key subsidiary of FBN Holdings, has sacked approximately 100 senior executives. This strategic development is informed by the changes in leadership and governance following billionaire businessman Femi Otedola’s assumption of the chairmanship of FBN Holdings. …

By Simon Kolawole “Nigeria is finished patapata!” Do you often hear that? I have observed over time that there are people who get excited by negative news concerning Nigeria. If the National Bureau of Statistics (NBS) reports that we have recorded a negative GDP growth rate or the economy is heading for a recession, they will be the first to …

The Warri Refining and Petrochemicals Company (WRPC) in the Warri area of Delta State has commenced operations. Mele Kyari,the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), made the disclosure during a tour of the 125,000 barrels per day refinery on Monday, December 30, 2024. This development emerges after the commencement of crude refining by the …